Brexit- Global Market Crash Pending

look to the most important cities worldwide that are linked to every single economical market you can think about when anything happens everybody looks at these two cities one of the ones is New York City which by the way New York City is now the financial capital of the world only for the last few years and it's been around only for 120 years if you think about it New York City right the other one is London London is the financial capital of Europe and it's number two only to New York City and it's been around for 2,000 years and it was the financial hub since Middle Ages by the way a couple hundred headquarters of companies that are not out of UK they're out of other countries they're based in London that's how powerful London is and this is why every time you turn on the television you hear Breck's it breaks it breaks it breaks it breaks it breakfast breakfast so what is breakfast so today in this video we're going to talk about what is brexit what's in you purpose of starting the EU who's in the EU that they vote for breaks it benefits abstain benefits of leaving and my thoughts whether this is a good idea or not and what the consequences will be if they do brexit [Music] so before we get into brexit if this is your first time visiting this channel value tell me we are the number one channel on YouTube for entrepreneurs we got lot of different videos around a thousand videos on how to hire fire scale raise money dating as an entrepreneur lot stuff for your wife to watch our husband to watch if you're an entrepreneur a lot of technical or fun stuff great interviews as well if you haven't yet subscribe to this channel please do so having said I'll let me get right into it so what is brexit what breaks it is British exiting EU so Britain wants to leave EU and be their own country right now what is you in you is European Union you keep hearing about it but you now sometimes you hear something and you kind of think you know what it is but you never question what it is because you don't want to act like maybe I don't know this stuff so I just kind of act like I know what you is who's even into you I don't even know what's into you how I did it even you get started how long have you been around so brexit is britain exiting EU EU is European Union so what is the purpose of starting EU right we keep hearing about it but why did they start you it's very simple it's actually two reasons number one reason was peace because they had just come out of war again World War one from 1914 to 1918 customs 17 million lives and then they have the second war from 1939 world war two to 1945 70 million lives they're sitting on the same you know how many family members I've lost how many friends I've lost how many call it Spears we do not want to go through another World War three so number one reason was peace the second reason was economical what if all of our nations collectively can start working together and creating one market and this idea was pitched by Robert Schuman the former Prime Minister of France here's what he said when he came up with this idea of ECSC in 1951 he said the treaty is created with the idea to make war not only unthinkable but materially impossible so they wanted to make it mathematically impossible to have another war and on top of that they created this treaty to create a common market for coal and steel among its member states which serve to neutralize competition remember that key word we're gonna come back to it neutralized competition between European nations over natural resources so very simple you got two reasons one you got peace the other one you got economical right so they came out with the ECSC in 1951 established by Treaty of Paris signed by six nations Belgium France Italy Luxembourg Netherlands and West Germany then that transition into 1957 which was a Treaty of Rome the idea of Treaty of Rome was to make it a single market which means you know I can do business in Germany it's not really another country you know it's pretty much the same like yet right now I'm in US and if I want to do business within Mexico I have to go get establish in Mexico then I have to do business in Mexico it's very complicated for me to go through it the Treaty of Rome was look if you want to come to business or it's easy it's not gonna be that complicated then they did that in 1957 and eventually in 1993 EU was created so if you look up when did you get created the actual year is 1993 right so that's the history of why they started you and how they started you now the next question some people because Pat it's a simple question who's part of the EU today how many total nations are there it's 28 different countries and here's a list of countries you got Austria Belgium Bulgaria Croatia Cyprus Denmark Estonia Czech Republic Finland France Germany Greece Hungary Ireland Italy Latvia Lithuania Luxembourg Malta Netherlands Poland Portugal Romania Slovakia Spain Sweden and last Bonelli's United Kingdom those are xx countries now the next question is when they voted for brexit what did they vote like here's what I bought it like 51.9% voted to leave 48.1% voted to stay but the question is who wants to stay who wants to leave because when you look at United Kingdom it's really four different countries you got Northern Ireland which does not want to leave they want to stay blue means they want to stay you got Scotland who has no reason to want to leave they want to stay because they need the EU and Wales wants to stay but if you look at the red England wants to leave right so that's how was voted by the way old voter to leave young wants to stay that's how the demographics looks like when it came down to voting for bricks but they voted for it and the vote is 51.9% want to leave the EU okay so now you may be watching this and well Pat if the vote was dramatically 70 30 bricks that I get it but it's only fifty one point nine percent to forty eight point one so the people that don't want to lead there's got to be obvious reason for it and there's benefits to it and the people that want to think there's got to be benefits there so what are the benefits of leaving and staying so let's focus on that first thing we're going to talk about as the benefits of staying and not breck sitting staying part of the EU the number one benefit that a lot of the young keep talking about is the idea and the freedom to live travel work retire anywhere in Europe so think about it living in the u.s. you want to go somewhere you want to come into u.s. how hard it is to get a visa right so in Europe because of the EU I don't need a visa to go on Croatia let's just say I live in Crozier I'm gonna go work out Belgium I don't need to get an approval I don't need to get a work permit I don't need to do any of that stuff I can go work there I can go live there I can go retire in different place and don't have anything to constantly have to worry about passport any of that stuff travel what's it's very simple it's very basic to do it the concern is if they breaks it some of the British people that are living abroad or living in another place what happens today what's the technicalities of that how is that going to be handled those are some of the concerns they have that's what there's some let you stay next one is it's been estimated that 3.1 million British jobs are linked to UK export to the EU meaning other nations outside of UK what are they gonna do without 3.1 million jobs many EU company headquarters like I said earlier reside in London which may have to leave if brexit takes place because then how does that work out are you gonna let me stay now I don't have the whole willing to work or retire have headquarters anywhere maybe I'm not gonna be in London in Romania maybe I want to take myself back to Germany back to France back to Italy back to a lot of these places and that could affect so many tens if not hundreds of thousands of jobs in London and UK do they want to risk that next less likely to get ripped off this is why it's less likely to get ripped off because one of the things about EU is there's a level of accountability when you're buying the products from each other because the accountability the organisation that holds everybody accountable is EU so there's less likely to get ripped off when you're buying a product and collectively they become the third largest military in the world individually they wouldn't be and be a bigger threat going back to war worries of another war getting started so that's that's the benefits of staying and by the way there's a there's a longer list of benefits saying I'm just giving you a few them here for you to be thinking about now the benefits of leaving the EU and not staying here's some of them number one create your own economy because right now every time UK wants to do business deal with China or with us they have to go through EU to get it approved but if they separate and they create their own economy they can negotiate with us with China without needing ears approval due to trade agreements that doesn't need to be taking place now they can do it on their own right the second thing immigration this is kind of a technical because we're dealing with some of this in America but in Europe it's a whole different story what the concern is with some of the folks in UK that are voting to brexit immigration this allows UK to choose the number of immigrants they accept to come and live in UK rather than being forced by EU because you know somebody may watch this and say well that's not fair because EU doesn't force UK to take immigrants well if you remember how the EU works say UK doesn't but if I go to another country that's part of the EU say I go to Germany say I go to Austria say I'll go to Belgium and they accept an immigrant and all of a sudden I'm part of the EU that means I can travel and go and work and live anywhere right so maybe UK is not forced to take those immigrants but maybe the immigrant could start from another country and then go to UK because that's a better hub in London and then London takes a hit for it and they don't want that risk they want to control and say nope you're not welcome here this is not you we don't want you here right and I know that kind of may sound cultural some of you guys because I as an Iranian immigrant I went to Germany at a refugee camp from Germany came out here but UK those that want to vote for brexit that's one of the things they want the freedom to be able to say we don't want any immigrants we have we want to have a limit we won't have a control on who can come here next one create their own identity they don't want to be in someone's shadow they don't want to be hey we're one of the 28 countries in EU not were UK were a 2000 year old Empire British Empire why do we need someone's help today we don't need someone's help and then the other point is that you keep hearing about Boris Johnson the new prime minister who's a very very vocal he says the UK sends 350 million pounds a week to the EU why are we doing that that's 350 million pounds a week to the EU matter of fact his campaign bus had that number on the bus and here's what he's recorded to say recently he said no ifs no buts we are leaving on October 31st that's what Boris Johnson has said we're leaving we're exiting and he's the Prime Minister so having said that I want to share with you some of my thoughts as an entrepreneur how I view this whole brexit EU is that a good ideas or not and then you can process it any way you want I'm just giving you my perspective on what I see happening will brexit so first things first think about it this way when you and I are afraid what do we do do we make risky decisions or safe decisions right we typically make safe decisions so think about you just went through this war what do you want to do the first thing you're gonna vote for is what look I just want to make sure my family's safe you don't think about vision what if one day better opportunity better jobs better innovation but all you think about is safety for my kids safety for myself I want to be okay right so for some folks that are watching here that living in America saying I don't really know what brexit is close to you know comparing it to so it Robert Schuman who was a French prime minister who came up with the idea of ECSC hey let's bring everybody together let's eliminate war permanently and let's neutralize competition and bring everyone together robert schumann is the equivalent of FDR during Great Depression when Great Depression took place market crashed Joseph Kennedy market manipulation whatever you want to call it jobs forward all this other stuff FDR came he said we're offering Social Security regulated the industries brought down minimum wage she says everyone's gonna have a minimum which is the first president that announced minimum wage 25 cents an hour was the minimum wage he made all these Ford and all these other companies raise their minimum wage lower the hours vacation time all this other stuff regulation regulation regulation and people like oh my gosh I feel so much safer so at that time FDR was a hero because it was such a scary time in America and at this time right after this it was such a scary time for European leaders that they themself said man what a great leader Robert Schuman is he's bringing us peace of mind were for this and so six countries signed the Treaty of Paris let's come together and do this so I fully understand their fear when I was in Iran in war and we're getting bombed we're not thinking about what I'm wondering to go to a great private school and build a business and maybe one day my dream I'm all I'm thinking about is that all we're gonna be safe are we gonna live that's all my dad's thinking about it's safety secured fear we're just thinking safety right so I fully understand the reasoning of starting EU now having said that if you look at 1951 when the European Coal and Steel Community was created coal and steel 1951 right coal big deal everybody needed coal let's keep families warm we got to make sure it's safe we got to make sure we're warm families right warm cold great do you know Guardian wrote an article May 31st of the 2019 this year talking about the fact that Britain went first time ever since 1882 they went two weeks without using any coal and it got their gas relying a hundred percent on the gas they got from Norway and by the way just so you know Norway is not part of the EU they voted twice to be part of the U in both times they said no I think one was in 1972 and one was in 1994 and they voted for this right so they're sitting there saying well maybe today's different times you know when we're looking at the coal and steel why do we need that today and when you look at their steel relationships for you know Britain where they're getting their steel from right now number one country they're getting it from is a European country when you're looking at they're saying okay you still do need some of these countries that were using for coal meaning Germany then Belgium then netherlands then spain but then there's china there's turkey then you have friends italy so if they really wanted to get their steel outside as well they could probably get it if let's just say they brakes it and some of the you come country said we're not gonna do business with you which I highly doubt that's gonna be taking place so I also understand what they're thinking about to say look 1951 yes maybe it makes sense to be part of the EU 1957 okay fine maybe we do need to have a single market fine fine we need each other I get it and in 1993 EU whatever fine we created it but today maybe we want to get out here's why we want to get out because when Robert Schumann created this whole thing was about neutralizing competition and what happens when you neutralize competition here's what happens when you neutralize competition think about it this way Europe EU 28 countries combined 508 million people living there right it'd be too largest country in the world 508 China India and it will be you for was the country right us is 328 million and and they have more access to people to create advancement right but because you neutralize competition and that's the idea there's no competition when's the last time you heard about an incredible creative technology company or even community of that being created in the EU when's the last time you heard about it now somebody made sure what about Spotify you know know what about the guy you know Spotify think is Sweden or the Siri guy is he created a technology for an apple from there yeah but okay great go look at some of the major companies in EU they're companies that have been around for a while it's oil companies its companies that are like oh I know this company but it's for such a long time so where is the innovation why is that not taking place maybe because we need competition here's another point for you that EU forces the employer to give every employee five weeks of vacation time not including the national holidays which is another two weeks so five weeks not including the national holidays which is another two weeks that's seven weeks so take seven weeks out of 52 weeks out that loses momentum which in u.s. we don't do five weeks we do two weeks so give that additional three weeks times your population of people living there how much more opportunities there for innovation so maybe Boris Johnson is saying look I don't want to deal with it with her like that right I just don't I want to see us competing for our stuff I'm making a name for ourselves now the other side is also to keep in mind that if this does take place the top contributors right now to the EU number one is Germany they put in 21 point 1 1 percent of the entire budget then it's France 16.4 then it's a totally thirteen point six four then it's UK thirteen point oh five so UK's number four in the amount of money they put into it right you've heard Boris Johnson say they paid 350 million pounds a week to the EU so you hear a number like that thirteen point four all five percent that they're putting into it fair watch this if UK pulls out and they say we're out of bricks we're out of it I'm about everybody's saying they're doing it because we're Boris Johnson a saint but if you case actually officially out that'll cost Germany an additional four billion dollars billion euros per year and France another three billion and it will cost Italy another two and a half billion per year to fund into EU so what does that really mean here's what it could really mean a couple things one so UK breaks it takes place they leave okay all of a sudden it's like you being at a bar and you typically shared the tablet everybody and one of the guys that pays the most he leaves now you have to pay even more for everybody so you have to sit there and say look we're Germany we're big we're powerful you know what guys we're out as well we'll help you guys out and everything but we want to leave as well if Germany France these guys decide to leave now it's a whole different thing now you talk about EU goes from being 28 to possibly a lot less than that then there's gonna be a lot of challenges for funding and money and because the smaller nations cannot afford to put a lot of money into so no one really knows what could be taking place and a final thought to be thinking about because if you go and watch what the grandson Churchill's grandson said they asked him they said if your grandfather was here right now what would he say about brexit he says he would absolutely be against it now some people say because Boris Johnson wrote a book about Churchill and one of the things that he and I hear in a Churchill both have in common is their war journalists and they both became PM's and they're both pretty hated type of personalities not everybody loved Churchill by the way Churchill is a guy that you counted on when war happened to go up against you know the Germans and all these other things I was taking place out there during World War two but they didn't like him too much right cause he has strong opinions Churchill once was for the United States of Europe right but he was also the same guy that says we are for Europe but not of it meaning were for Europe well we're not of it we stand alone we're our own nation we have our own identity so there's contradictions and a lot of ambiguity in his message on what he said some people said he wouldn't be for breakfast some people said he would be but here's some world a story what I can tell you is the following times have changed before was a lot of manual labor a lot of manual labor who can work hard or a lot of companies the countries were rich because of natural resources pure luck you have oil you're rich okay good for you you don't know what to do with it right there's a lot of that going on today I think it was TEDx conference that was ten years ago and they said the number one resource right now everybody wants his data is data data data everything's about data you got data you're winning and today it's about data it's no longer just manual it was thinkers so maybe you case sitting there saying look due to globalization we don't feel like we need you like we did back in 1951 we don't feel like we need you like we did 1957 we don't even think we need you at like we did in 1993 cuz globalization with internet all this stuff wasn't really here like it is today we think we can do it on our world but regardless of all this stuff taking place there's one thing I can't tell you typically there's a lot of war that takes place due to ideologies right you know we believe in this we believe in this no you're wrong let's go war right and all these wars take place today the the market is so fickle because of what's going on with trade war with China what's going on with wall Mexico trade there what's going on with brexit if that happens UK's gonna take a hit and London is the number two financial you know capital of the world there's a lot of things that are cooking right now a lot and it can either go good or it can either go very bad but it's not gonna be you know staying in the middle here there's gonna be some major shake-up and again I'll give you the good news and bad news the bad news is some people are gonna lose big time and the good news is some people are going to make big time it's just about how you position yourself so again these are my thoughts as the entrepreneur these are my opinions I'm giving you my feelings based on what I'm doing my research on I'd love to hear from you comments below by the way if you watch this video you liked these approach there's another video I did on Venezuela you if you want to find out how I feel about what's going on with Minnesota here's one video to watch with Minnesota and the other one video I did on China the us-china trade where you can watch this one but either one of these videos all have to do with the economy and how the market could take the hit because every one of the Venezuela's oil China's trade this is breaks it it's like a soup with so much mixture that we don't really know what's gonna happen it's just making sure we're prepared for all of it so again haven't watched a venezuela video to china video click on these links go watch them and if you haven't subscribed please do so thanks for watching everybody take care bye bye

Channel: Valuetainment

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Keywords: Entrepreneur, Entrepreneurs, Entrepreneurship, Entrepreneur Motivation, Entrepreneur Advice, Startup Entrepreneurs, valuetainment, patrick bet david, brexit, brexit explained, brexit explanation, best brexit explanation, brexit definition, brexit meaning, brexit patrick bet david, brexit market crash

Id: QftSkJHrE8M

Length: 22min 34sec (1354 seconds)

Published: Tue Aug 13 2019